How would you define a sublease?

A sublease is defined as an agreement in which the original tenant, who holds a lease with the landlord, leases out part or all of their rented property to another individual, known as the subtenant. This arrangement allows the original tenant to retain their lease agreement with the landlord while creating a secondary rental agreement with the subtenant. In this scenario, the original tenant typically remains responsible for the terms of the lease, including rent payments, while allowing the subtenant to occupy the space under the agreed-upon terms of the sublease.

Understanding the concept of a sublease is crucial, especially in the context of lease analysis and property management, as it involves multiple parties and layers of agreements. This definition is distinct from other types of lease agreements, such as those illustrated in the incorrect options. For instance, a lease agreement with no end date pertains to a separate rental structure and not the specific act of subleasing. Similarly, a rental agreement with an option to buy involves different contractual elements rather than the relationship between the original tenant and subtenant. Lastly, a direct lease between a landlord and a new tenant represents a standard leasing arrangement that does not involve any subletting or the rights of the original tenant.